(a) The State Board of Education shall prepare an evaluation of the priority school district grant program not later than July 1, 2020, and annually thereafter.

(b) Each school district participating in the priority school district grant program shall prepare an annual program evaluation, which shall include a description of program activities and whether such program is (1) improving student achievement and enhancing educational opportunities in the school district, and (2) achieving the objectives and performance targets approved by the Commissioner of Education as stated in the proposal submitted by the school district pursuant to subdivision (1) of subsection (a) of § 10-266q or the plan developed by the commissioner pursuant to subdivision (3) of subsection (c) of § 10-266q. Each such evaluation shall be submitted to the commissioner on or before August fifteenth of the fiscal year following each fiscal year in which the school district participated in the priority school district program.

(c) Not later than sixty days after the close of the school year, each local board of education which received a priority school district grant shall file with the commissioner a financial statement of expenditures in such form as the commissioner shall prescribe. The State Board of Education shall periodically review grant payments made pursuant to this section in order to determine that such state funds received are being used for the purposes specified in the application. On or before December thirty-first of the fiscal year following the fiscal year in which payment was received, each local board which received a priority school district grant shall file with the commissioner a financial audit in such form as prescribed by the commissioner.